Fabrinet (NYSE:FN) Trading Down 5% – Time to Sell?

Fabrinet (NYSE:FN) shares traded down 5% during trading on Tuesday . The stock traded as low as $488.00 and last traded at $487.2140. 184,689 shares traded hands during trading, a decline of 74% from the average session volume of 706,125 shares. The stock had previously closed at $512.82.

Wall Street Analysts Forecast Growth

FN has been the subject of a number of recent research reports. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research report on Wednesday, February 4th. Susquehanna lifted their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Barclays increased their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, B. Riley Financial raised their target price on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Performance

The stock’s fifty day moving average price is $502.67 and its 200-day moving average price is $448.00. The firm has a market cap of $17.96 billion, a PE ratio of 47.94 and a beta of 1.01.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $2.61 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fabrinet

A number of institutional investors and hedge funds have recently modified their holdings of FN. Core Wealth Advisors LLC acquired a new position in Fabrinet during the fourth quarter worth $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the fourth quarter valued at $29,000. Harbour Investments Inc. increased its position in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Fabrinet during the 4th quarter worth $32,000. Finally, Quarry LP raised its stake in shares of Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.